for Trung Nguyen company while expanding its business into Romania market: Joint Venture, Direct Ownership and Franchising. Each entry mode will be considered about pros and cons, after that, decision making Matrix will be established in order to compare and make a decision for the best selection of entry mode for Trung Nguyen: Franchising. This solution seems to be a the most appropriate strategy for Trung Nguyen Company while go to Romania since it would contribute the highest product quality standard
The process of emergence the European Union marked the commencement of an innovative era, for instance job creation effective trade, free market, enhanced security, sustainable development, protecting human rights, economic cohesion etc are major objectives. Though all these positive aspect in the mind, the reality of global depression reveals that there is much to be improved and that the imbalances between Member States is extending further. In this position, to solve these troubles the European
analysis 87 8.4 Management team: 87 8.5 Entry mode 89 9. Conclusion: 89 10. Reference 90 11. Appendix: 94 11.1 Appendix 1: 94 11.2 Appendix 2: 95 11.3 Appendix 3: 96 11.4 Appendix 4: Climate data for Bucharest 97 11.5 Appendix 5: The Romania education system 98 11.6 Appendix 6: 99 11.7 Appendix 7: (FOR THE LEGAL FEE): 99 1. Introduction: Today, globalization seems to be an expected trend in long-term development of every company in the world, especially in Vietnam. Globalization
other hand, John Dunning claimed that there are four types of FDI in terms of their motivations: resource seeking FDI, efficiency seeking FDI, market seeking FDI and strategic asset or capability seeking FDI. According to resource seeking FDI, companies invest in foreign countries with the purpose of acquiring resources of higher standard and at a smaller cost than in their own country. Examples of resources are raw materials, labor force, infrastructure (roads, telecommunication) and technological level
was not without risks. There are four types of risks in international business called cross-culture risk, country risk, currency risk and commercial risk. Cross-cultural risk refers to a situation or event where a cultural miscommunication puts some human value at stake. Country risk describes the potentially adverse effects on company operations and profitability holes by developments in the political, legal, and economic environment in a foreign country. Currency risk is the risk of adverse unexpected
Academy of Economic Studies, Faculty of Business Administration Knowledge Management Case Study – SC Artis Bio Tech SRL [pic] 22 May 2012 1. Introduction Based on the current economic climate, only companies which have the ability to adapt to continuous changes, shape their business strategies according to the market and take calculated risks will be able to survive. Attributes such as creativity, flexibility and competitiveness have become of the utmost
What is a bureaucracy? Tolbert and Hall (2009) describe in the text, a large formal organization with the characteristics of having, a division of labor, a hierarchy of authority, a set of written rules, resources that are clearly separated from home and the organization, and group of members who are appointed according to qualifications (P. 22). These were the key elements Max Weber, a German scholar described for an ideal type of bureaucracy. The types of bureaucracies that I typically
Kraft Foods Romania Kraft Foods Romania Tudor Corneliu Master Fabiz, An II, Gr. II 12/23/2011 Tudor Corneliu Master Fabiz, An II, Gr. II 12/23/2011 Contents 1. Kraft Foods Int 1 1.1. History 2 1.2. The Business 2 1.3. Sales evolution 3 1.4. MNE characteristics 4 2. The internationalization process of Kraft Foods 5 2.1. Kraft Foods in Romania 5 2.2. 2008/2009 turn around 6 3. Kraft Foods strategic management 7 3.1. Kraft foods mission, vision
The paper has tried to capture the argument that with the accelerating pace of globalization, human resource practices are designed and implemented based on the requirements of a particular culture. The focus of this paper is to address the HRM practices which are influenced by the specific national cultures. It emphasizes on the need for customization by HR practitioners, multinational corporations and in any other organizational or country context.The thrust has been put forward on several propositions
Therapeutic Recreation Alison, J., Negley, S., & Sibthorp, J. (2013). Assessing the Social Effect of Therapeutic Recreation Summer Camp for Adolescents With Chronic Illness. Therapeutic Recreation Journal, 47(1), 35-46. Over 2 million adolescents in the United States have a form of chronic illness and frequently have decreased levels of social self- efficacy and social ability. The summer camp industry and the field of therapeutic recreation have been found to have positive influences on certain